8 The Pavilion
Hoddesdon
Hertfordshire
EN11 8UD
** PORTFOLIO FOR SALE WITH DEVELOPMENT OPPORTUNITY STPP ** Westwood Leber are delighted to bring to the market a fantastic portfolio in Essex comprising 7 residential properties within a stunning Grade II listed conversion made up of 9 luxury apartments. Sale will include the freehold to this exclusive development providing excellent asset management and break up opportunities at a significant discount to the VPV as well as a plot of land perfect for further development stpp.
A purchase at this level would reflect a gross initial yield of 4.96% (based upon existing rent) and 6% (based upon ERV). **The current yield and ERV does not account for the capital growth considering the development opportunity.**
DESCRIPTION
** PORTFOLIO FOR SALE WITH DEVELOPMENT OPPORTUNITY STPP ** Westwood Leber are delighted to bring to the market a fantastic portfolio in Essex comprising 7 residential properties within a stunning Grade II listed conversion made up of 9 luxury apartments. Sale will include the freehold to this exclusive development providing excellent asset management and break up opportunities at a significant discount to the VPV as well as a plot of land perfect for further development stpp.
A purchase at this level would reflect a gross initial yield of 4.96% (based upon existing rent) and 6% (based upon ERV). **The current yield and ERV does not account for the capital growth considering the development opportunity.**
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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